Bitcoin Price Bounces Back Amid Optimism Over U.S. Funding Deal

Bitcoin’s price has surged back above $106,000 after briefly dipping below $100,000, thanks to the recent optimism surrounding a U.S. government funding agreement. Despite ongoing pressures from selling pressure and decreased ETF inflows, the cryptocurrency has managed to recover. Options trading shows mixed signals: bullish butterfly options reflect market confidence, while bearish call spread options temper expectations for price increases this year. Bitcoin’s ability to absorb significant supply pressure echoes past cycles like Silk Road and Mt. Gox, suggesting deeper market stability.